Saturday, April 14, 2012

Royal Mail Rations Stamps

Rush: People are stockpiling before the price hike 
Britain's Daily Mirror website reports, "If you're planning on stocking up on stamps before the 30% price rise at the end of this month then you had better be quick!"

According to the paper, "The Royal Mail has imposed a cap on the number of stamps every shop can buy to ensure it benefits from price rises later this month.It means that once a shop's supply has gone they may not be given anymore to sell."

Some retailers are already reporting little or no stock left.

 Michael Deacon, assistant postmaster of Shere, in Surrey, admitted in the article that his post office had run out of first-class stamps and was running low on second-class stamps.

He's quoted as saying, "We have sold thousands of stamps. I would say it is panic buying, definitely, and many are telling me that they are stockpiling."

The price of first-class stamps will increase from 46p to 60p and second class from 36p to 50p from April 30.

To read the entire article, click here.
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posted by Don Schilling at 12:01 AM